How should the gift be reported

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Question - A $100,000 gift was received by Group Home Projects, a nongovernmental not-for-profit organization. Group's board of directors stipulated that this gift must be invested for a period of 4 years, with the income to be used for general operations. How should the gift be reported in Group Home's statement of activities?

a. Increase in net assets without donor restrictions of $25,000 and donor-restricted support of $75,000.

b. Deferred revenue.

c. Increase in net assets with donor restrictions.

d. Increase in net assets without donor restrictions.

Reference no: EM132916388

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